“Management’s Discussion and Analysis of Financial Condition and Results of Operations (dollars in millions, except per share data, unless otherwise indicated) Global Economic Conditions Our operations are impacted by global economic conditions, including infl…”10-Q · Jul 22, 2026 ↗
United Rentals, Inc.
URI
Market read
United Rentals, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
- Accounts payable rose $834 (107.5%) from Dec 31, 2025 to June 30, 2026, primarily due to seasonal increases in capital expenditures and business activities.
Invalidation: The isolated read changes if URI's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Accounts payable rose $834 (107.5%) from Dec 31, 2025 to June 30, 2026, primarily due to seasonal increases in capital expenditures and business activities.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating cash flow covered net income at 2.08x in the latest annual period.
- Supply chain and availability has repeated favorable evidence across 5 filings.
- Capital investment and capacity has repeated favorable evidence across 4 filings.
- Operating margin changed -1.8 percentage points in the latest annual period.
- Net margin changed -1.3 percentage points in the latest annual period.
- Macroeconomic conditions has repeated adverse evidence across 5 filings.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- P/E is 99% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 21% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
987.97Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Management’s Discussion and Analysis of Financial Condition and Results of Operations (dollars in millions, except per share data, unless otherwise indicated) Global Economic Conditions Our operations are impacted by global economic conditions, including infl…”10-Q · Jul 22, 2026 ↗
“Management’s Discussion and Analysis of Financial Condition and Results of Operations (dollars in millions, except per share data, unless otherwise indicated) Global Economic Conditions Our operations are impacted by global economic conditions, including infl…”10-Q · Jul 22, 2026 ↗
“Accounts payable increased by $834, or 107.5 percent, from December 31, 2025 to June 30, 2026, primarily due to seasonal increases in capital expenditures and business activities.”10-Q · Jul 22, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 4.0× · EV/sales 4.8×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for URI. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for URI. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind URI
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
NPKINPK International Inc.competitorFeb 27, 2026 ▾
“United Rentals is the largest competitor in the rental market, primarily using wood mats.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
URI is currently a Early Follower in the organic co-movement group Equipment Rental. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.